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Sergio Takes the Helm at Ferrari; Confirms Record Profits and a LaFerrari Spider

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Sergio Marchionne added another CEO title to their rsum yesterday, taking control of Ferrari, where the Fiat-Chrysler head already served as ceo.

He replaces former Chief executive officer Amedeo Felisa, who retired after 26 years with the company. Felisa?remains around the independent automaker’s panel of directors, exactly where he will serve as a technical advisor.

Marchionne now has full control of the company he or she spun off from Fiat Chrysler Cars at the beginning of the year. 2 yrs ago, he been successful former chairman?Luca di Montezemolo, that stepped down in protest of Marchionne’utes plans for the brand’utes future.

Those profitability plans are twofold, and can include an expansion of the brand’s presence in non-automotive luxury goods, the direction started through di Montezemolo.?Last year, the automaker said it would increase annual vehicle production to 9,000 units by 2019.

The information of Marchionne’s appointment comes as the company introduced a record first-quarter profit, sparked by a 15 percent rise in sales. That means a 19 percent boost in net earnings?- 78 zillion euros, or $89.5 million.

Marchionne was clearly pleased at the company’utes numbers, assuring traders during a speech upon Wall Street that the good times were simply beginning.

“I was the one which pitched the Sports car case on the road. It will not be a different case than the one that I presented to the capital marketplaces at the end of last year,” Marchionne said in the Detroit Free Press.?“We are beginning, just now, to define the true potential on the passenger?vehicle side of what this particular house can actually provide.”

The 1,882 vehicles Ferrari sold during the very first quarter were part of the reason for the company’s record profit; cost-saving efficiencies were the other.

Marchionne said demand remains higher for Ferrari vehicles, with orders extending into 2017. In an job interview with Automobile Magazine, he confirmed that the LaFerrari Spider is a proceed, with potential customers already approached about the drop-top form of the brand’s supercar.

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